Greater San Diego Association of REALTORS® Market Report - May 2026

Greater San Diego Association of REALTORS® — May 2026

In May 2026, the Greater San Diego real estate market experienced a total of 35 sales, a 17.9% decrease compared to the same month last year. New listings increased to 61, while active listings rose to 110, resulting in a months of inventory of 2.8, indicating a seller's market.

Market Analysis

The Greater San Diego real estate market continues to show signs of a seller's market, with a sales-to-new-listings ratio (SNLR) of 57.4%. This ratio suggests that while new listings are coming onto the market, they are not keeping pace with buyer demand, leading to a tighter inventory situation. The total sales of 35 in May reflect a slight uptick from the 34 sales recorded in May 2025, although this is a decrease from the 37 sales in April 2026, indicating fluctuating buyer activity amidst changing market conditions.

Months of inventory has increased from 2.2 in April 2026 to 2.8 in May 2026, suggesting that while the market remains competitive, there is a gradual increase in available homes. The current inventory of 110 active listings is higher than the 102 active listings from the same month last year, providing buyers with more options, albeit still within a constrained market environment.

Property Type Analysis

When examining property types, detached homes accounted for 23 sales, while attached homes and townhouses contributed 12 sales. The inventory for detached homes remains robust, with 82 available, compared to 28 for attached properties. This disparity in inventory levels may influence buyer preferences, as detached homes typically appeal to families seeking more space, while attached homes attract first-time buyers and those looking for lower maintenance options.

The median price for detached homes is reported at $875,000, showing a slight year-over-year decline of 0.7%. In contrast, attached homes have seen a more favorable trend, with a median price of $659,500, reflecting a year-over-year increase of 5.5%. This divergence in price trends highlights the varying dynamics within the different segments of the market.

Regional Highlights

Regionally, the Escondido North area shows a balanced market with 45 new listings and a closed sales count of 23. The median days on market for detached homes is 29, indicating that properties are selling relatively quickly, while attached homes have a longer median of 39 days. This trend suggests that buyers may be more selective in the attached market, possibly due to price sensitivity or inventory preferences.

Overall, the increase in new listings across the region is a positive sign for buyers, as it provides more opportunities in a market that has been characterized by limited supply. The overall inventory levels suggest that while competition remains, buyers may have a bit more breathing room compared to previous months.

For Buyers

For buyers in the Greater San Diego area, it is essential to act decisively in this competitive market. With a sales-to-new-listings ratio indicating strong demand, buyers should be prepared to make competitive offers on properties they are interested in. Conducting thorough market research and being pre-approved for financing can enhance a buyer's position when negotiating.

For Sellers

Sellers are encouraged to take advantage of the current market conditions, as the demand for homes remains strong despite a slight decrease in sales. With an increase in active listings, pricing strategies will be crucial. Sellers should consider pricing their homes competitively and ensuring they are in excellent condition to attract potential buyers quickly.